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Retail

347 N Pottstown Pike

347 N Pottstown Pike, Exton, PA 19341

Listing Price: $1,600,000

Lot Size
1.40 acres
Price/Acre
$1,142,857
Land Type
Redevelopment

Investment Overview

Marcus & Millichap has been exclusively retained to market for sale 347 N Pottstown Pike in Exton, PA (the "Property"). Located in one of Philadelphia's premier suburbs, the Property presents investors, users, and developers the opportunity to acquire an asset with in-place cash flow, flexible zoning, and excellent location. The 1.49-acre property is located on the eastern side of Pottstown Pike, which sees +/- 39,000 vehicles per day and is directly next to a +/- 100,000 square foot Target. Within a three-mile radius, there is approximately 6,000,000 square feet of retail and a wide variety of major brands have a footprint within the market. Within a fivemile radius the population is 96,699 and the average household income is $163,546. The Property is currently home to six tenants who occupy 100% of currently rentable area on the first and second floor. The basement (approximately 1,400 square feet) is in shell condition, but is clean and has two entrances which could allow for improvement and future occupancy. Four of the five tenants on the first floor, whose occupied square footage comprises 3,555 square feet, have leases expiring within 2022, The tenant who occupies the second floor has a lease that extends into 2026. Based on current rents and expenses from the trailing twelve month period as of June 2022, the Property produces a Net Operating Income of $106,534. For more detailed financial information, Seller is requesting submission of a formal LOI and a signed Non Disclosure Agreement. Information on the Property's zoning can be found at https://ecode360.com/11702487

Investment Highlights

  • 1.4 Acre Parcel With Flexible TC Zoning (Town Center Mixed-Use) on High Traffic (+/- 39,000 VPD) Corridor
  • Top Tier Philadelphia Suburb Boasting 6,000,000SF of Retail Within 3-Mile Radius
  • 5-Mile Radius Has Population and Average Household Income of 96,699 and $163,546, Respectively
  • Existing Cash Flow From In-Place Tenants

Exclusively Listed By

Financing By

Retail

347 N Pottstown Pike

Listing Price: $1,600,000

Lot Size
1.40 acres
Price/Acre
$1,142,857
Land Type
Redevelopment

Investment Highlights

  • 1.4 Acre Parcel With Flexible TC Zoning (Town Center Mixed-Use) on High Traffic (+/- 39,000 VPD) Corridor
  • Top Tier Philadelphia Suburb Boasting 6,000,000SF of Retail Within 3-Mile Radius
  • 5-Mile Radius Has Population and Average Household Income of 96,699 and $163,546, Respectively
  • Existing Cash Flow From In-Place Tenants

Investment Overview

Marcus & Millichap has been exclusively retained to market for sale 347 N Pottstown Pike in Exton, PA (the "Property"). Located in one of Philadelphia's premier suburbs, the Property presents investors, users, and developers the opportunity to acquire an asset with in-place cash flow, flexible zoning, and excellent location. The 1.49-acre property is located on the eastern side of Pottstown Pike, which sees +/- 39,000 vehicles per day and is directly next to a +/- 100,000 square foot Target. Within a three-mile radius, there is approximately 6,000,000 square feet of retail and a wide variety of major brands have a footprint within the market. Within a fivemile radius the population is 96,699 and the average household income is $163,546. The Property is currently home to six tenants who occupy 100% of currently rentable area on the first and second floor. The basement (approximately 1,400 square feet) is in shell condition, but is clean and has two entrances which could allow for improvement and future occupancy. Four of the five tenants on the first floor, whose occupied square footage comprises 3,555 square feet, have leases expiring within 2022, The tenant who occupies the second floor has a lease that extends into 2026. Based on current rents and expenses from the trailing twelve month period as of June 2022, the Property produces a Net Operating Income of $106,534. For more detailed financial information, Seller is requesting submission of a formal LOI and a signed Non Disclosure Agreement. Information on the Property's zoning can be found at https://ecode360.com/11702487

Exclusively Listed By

Financing By

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